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Dec 26, 2012
12/12
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the president cutting his vacation short in hawaii. the president plans to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should want to go over there and visit with him. or perhaps if he wants to visit with anybody else. the consensus seems to be if you get some sort of a deal, it's obviously not going to be the big deal. it will simply be something that extends the tax cuts for the vast majority of americans, at least those earning less than $250,000 a year. the consensus seems to be, carl, that if we don't get a deal by the second or third or fourth week, the super bowl week, we'll start to feel it in the economy. >> we had a notable sell-off. there is typically a bias on christmas eve, but the worst christmas e
the president cutting his vacation short in hawaii. the president plans to leave for washington tonight. congress expected to return on thursday. president, guys, not expected to actually arrive in washington until tomorrow morning. no talks scheduled that we know of as of yet. all the attention's going to turn to the senate, which tends to be more of a compromising body than the house is. >> yes. and the president is available in person if you should want to go over there and visit with...
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Jun 21, 2012
06/12
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oracle's ceo agreed to buy 98% of hawaii's sixth largest item, l u.n. ai and acquiring it from billionaire david muir dock who owns all but 2% of the 141 square miles. the price tag is not disclosed but said to be between a cool 500 and $600 million. so in this morning's fork on the tweet we're asking you if you were larry ellison, what would you rename your new hawaiian island? tweet us and we'll air your responses throughout the morning. to watch it for us. thank you so much, i appreciate it, i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money ? if your bank takes more money than a stranger, you need an ally. ally bank. no nonsense. just people sense. ♪music plays throughout summer in new york state has something different for everyone to love. discover what you love. visit ilovenewyork.com to plan your summer trip now. >>> time for squawk on the tweet. oracle ceo larry ellison agreed to buy 98% of hawaii's sixth largest island and we asked you if you were larry ellison what would you rename your new
oracle's ceo agreed to buy 98% of hawaii's sixth largest item, l u.n. ai and acquiring it from billionaire david muir dock who owns all but 2% of the 141 square miles. the price tag is not disclosed but said to be between a cool 500 and $600 million. so in this morning's fork on the tweet we're asking you if you were larry ellison, what would you rename your new hawaiian island? tweet us and we'll air your responses throughout the morning. to watch it for us. thank you so much, i appreciate it,...
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Dec 27, 2012
12/12
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yes, the president returning early from his hawaii vie cation today. at the top of this hour, expecting any minute on the senate floor that harry reid might come and give us some comment and guidance here on where to expect fiscal cliff talks to go over the next 48 hours or so. we know that the house of representatives will not be in session today but speaker bain he or she conferencing in his colleagues on a phone call this afternoon, all that up against a monday deadline. now we are told by game leadership that they will advise their numbers by saturday if they are going to bring them back into washington for a vote on anything on monday if there is a deal. there you see the united states senate is coming into session is this morning. we are going to keep an eye out for those remarks from senator reid, and of course, remarks on this fiscal cliff debacle have been moving the markets throughout the past couple of weeks, wait and see what harry reid has to say. guys, not a whole lot here to give those guys consumer confidence. >> the essence of poll tak
yes, the president returning early from his hawaii vie cation today. at the top of this hour, expecting any minute on the senate floor that harry reid might come and give us some comment and guidance here on where to expect fiscal cliff talks to go over the next 48 hours or so. we know that the house of representatives will not be in session today but speaker bain he or she conferencing in his colleagues on a phone call this afternoon, all that up against a monday deadline. now we are told by...
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May 30, 2012
05/12
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as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ >>> research in motion announcing it is higher to help the company evaluate strategic options. a first quarter loss is going to have to pay a lot for that advice. that brings us to this morning's squawk on the tweet. what advice would you give research in motion? let us know at cnbcsquawkst. maybe make the phone that people want? >> i think put yourself up for sale already. they did everything else. but they could probably -- it's still worth something. >> it's a canadian champion. they can't sell it. >> did you just make an illusion to a company that went bankrupt? [ laughter ] >> sorry. >> coming up next, cramer's mad dash. find out what stock he'll talk about and whether or not it's one to run. >> breaking news, take a look at futures here as we're observing the euro getting closer to a two-year low. we're looking at losses across the board. stay tuned. ♪ [ engine turns over ] [ male announcer ] we began with the rx. [ tires squeal ] then we turned the page, creating the rx hybrid. ♪ now we've turned the page a
as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ >>> research in motion announcing it is higher to help the company evaluate strategic options. a first quarter loss is going to have to pay a lot for that advice. that brings us to this morning's squawk on the tweet. what advice would you give research in motion? let us know at cnbcsquawkst. maybe make the phone that people want? >> i think put yourself up for sale already. they did everything else. but...
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Nov 6, 2012
11/12
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road map this morning is a long trip from new hampshire to hawaii as americans vote today. markets awaiting the results. bear in mind, 30 million americans have already cast their ballots of early voting. how does that change today's dynamics? >> gm gets 11 billion $11 billi credit lines a sign it may buy back shares from the government. nissan and suzuki see big impact. >> tens of thousands of beginning a strike ahead of a critical vote tomorrow. >>> americans are gearing up for one of the closest presidential elections in recent history. much of the nation already voting. polls in colorado, new mexico, utah, wyoming and nebraska are opening now. one example of how close the election may be. voters in new hampshire, the first place that opens at midnight, split for the first time five votes each for obama and five for romney. election coverage begins with a special edition of "squawk box" tonight at 5:00 p.m. eastern time followed by prime time coverage here on cnbc. jim will be a big part of this. >> i can't wait. a big night. i think that -- look, as maine goes so it goe
road map this morning is a long trip from new hampshire to hawaii as americans vote today. markets awaiting the results. bear in mind, 30 million americans have already cast their ballots of early voting. how does that change today's dynamics? >> gm gets 11 billion $11 billi credit lines a sign it may buy back shares from the government. nissan and suzuki see big impact. >> tens of thousands of beginning a strike ahead of a critical vote tomorrow. >>> americans are gearing...
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Dec 31, 2012
12/12
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but also hawaii, a big percent comes from defense spending. the green is nondefense. ala kass, new mexico, kentucky. so we talk about $620 billion being spread across the economy that will be individual hits to individual states and individual people that will be hit harder if this qulif does take effect. >> some sobering numbers. >>> the phrase that got the most nominations on the list of words to be banished, fiscal cliff. so we want to know what other phrases should be banned and why? tweet us. we have your responses coming up next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. it's no wonder so many investors are saying... i've always kept my eye on her... but wit
but also hawaii, a big percent comes from defense spending. the green is nondefense. ala kass, new mexico, kentucky. so we talk about $620 billion being spread across the economy that will be individual hits to individual states and individual people that will be hit harder if this qulif does take effect. >> some sobering numbers. >>> the phrase that got the most nominations on the list of words to be banished, fiscal cliff. so we want to know what other phrases should be banned...
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Dec 14, 2012
12/12
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>> the president is scheduled to go to hawaii a week from today. >> it's boehner and obama. >> there are things, there's a telephone. understand, they have phone service in ohio and hawaii. >> there's an urgency here that dave cody gets. why? because he has said, i'm not hiring until we get this stuff fixed. now, why doesn't that -- well, everybody, the job, small business job creator. come on, man. honeywell hires. that means other towns do great. that means you get into a very virtuous cycle mode. david, it is not about the small businessman. the little businessman doesn't do well unless the big businessman does well. >> who are they selling to? >> honeywell just hired 200 people. >> no doubt about it. >> the opening bell here at the new york stock exchange for a friday. top of the screen, the s&p 500. nasdaq, avago technologies. >> single-family rentals, homes for rent, single-family rentals, that's the way it's sort of getting all that notion, at least today that some people are locked out of credit. they are renters, or renters nation. >> the real estate investment trusts. >> ev
>> the president is scheduled to go to hawaii a week from today. >> it's boehner and obama. >> there are things, there's a telephone. understand, they have phone service in ohio and hawaii. >> there's an urgency here that dave cody gets. why? because he has said, i'm not hiring until we get this stuff fixed. now, why doesn't that -- well, everybody, the job, small business job creator. come on, man. honeywell hires. that means other towns do great. that means you get...
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Jun 25, 2012
06/12
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as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ so that i can go to hawaii. high schools in six states enrolled in the national math and science initiative... ...which helped students and teachers get better results in ap courses. together, they raised ap test scores 138%. just imagine our potential... ...if the other states joined them. let's raise our scores. let's invest in our teachers and inspire our students. let's solve this. ♪ ♪ >>> speaking of wild things, time for jim and his "mad dash" this morning. watching r.i.m. and this downgrade from morgan stanley or something else? >> both. morgan stanley downgrades, sets a negative tone. goldman comes out this morning, they don't like the stock either but they are saying that estimates have now gotten too low, which tells me goldman's really saying when they report this week, r.i.m. could go higher. this is something i was looking for. the numbers are down enough that maybe r.i.m. can put a floor. >> also continued speculation about them separating their handset business from their messenger network. >>
as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ so that i can go to hawaii. high schools in six states enrolled in the national math and science initiative... ...which helped students and teachers get better results in ap courses. together, they raised ap test scores 138%. just imagine our potential... ...if the other states joined them. let's raise our scores. let's invest in our teachers and inspire our students. let's solve this. ♪ ♪ >>> speaking of...
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Aug 31, 2012
08/12
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the highest in the country, no surprise in hawaii at $4.32, the lowest in colorado. the national average of $3.82 is up a couple cents since a year ago. aaa expects 32 million people to travel at least 50 miles this weekend. most will be doing it by car. 2.9% more people will be traveling more this weekend versus last year and there's a noticeable increase in terms of the number of people that will be flying this weekend. 4% more according to aaa. the average airfare according to farecompare it's up 3% year over year and as we take a look at the airline index, a couple things to keep in mind. you are seeing fares generally hold up for the airline industry and that's one reasonable we've seen the airline index, you know, not trade as low as some might expect as we head into a slow fall, but the other reason, simon, when you look at the possibility of consolidation, that's why investors are bidding these stocks up. >> and a further restriction on capacity to keep those prices higher. >> you bet. >> phil, it's good to talk to you. thank you for joining us. >> you bet. >
the highest in the country, no surprise in hawaii at $4.32, the lowest in colorado. the national average of $3.82 is up a couple cents since a year ago. aaa expects 32 million people to travel at least 50 miles this weekend. most will be doing it by car. 2.9% more people will be traveling more this weekend versus last year and there's a noticeable increase in terms of the number of people that will be flying this weekend. 4% more according to aaa. the average airfare according to farecompare...
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Jun 20, 2012
06/12
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as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ >>> the >>> the opening bell, joining us exclusively is the cfo of burger king, daniel schwartz. burger king is celebrating the listing on the nyse. the stock is up 2.3% in the early going. dan, nice to see you. >> thanks for having me. >> burger king was taken private back in 2010 by 3g. what's the next major step in this transformation. is it shifting to this asset-like model? >> 3g acquired the company back in 2010, made transformational changes, repositioning the business domestic. and lastly the fliching. we will be focusing on running our brands, our operations, and it's a good strategy. it puts our restaurants in the hands of the -- >> mcdonald's moved toward the model, yum brands has been on that model, and this allowsing them to assign a higher valuation theoretically? >> yes, for us moving toward the franchise mix action it crazy a more cash flow genre tiff, stable, predictable stream, allows us to focus on the brands. >> foul ball foible, everyone wants -- what percentage of your advertising will go to
as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ >>> the >>> the opening bell, joining us exclusively is the cfo of burger king, daniel schwartz. burger king is celebrating the listing on the nyse. the stock is up 2.3% in the early going. dan, nice to see you. >> thanks for having me. >> burger king was taken private back in 2010 by 3g. what's the next major step in this transformation. is it shifting to this asset-like model? >> 3g...
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Jul 6, 2012
07/12
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as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> u.s. stocks continue to outperform emerging markets. and just today, the emerging markets etf is down more than a percent. but in the past month, the emerging markets have picked up steam, even approaching the dow at this point. with growth slowing, are emerging markets a good choice? let's trade the globe. in terms of the rate cuts we've seen around the world, how does that play into your view that emerging markets may be a better choice? >> em tends to bottom first. it's outperformed slightly since may. i think playing that pair is interesting. to buy em blindly here, though, i think you need to at least know wh
as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> u.s....
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Jun 1, 2012
06/12
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as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ a living breathing intelligence bringing people together to bring new ideas to life. look. it's so simple. [ male announcer ] in here, the right minds from inside and outside the company come together to work on an idea. adding to it from the road, improving it in the cloud all in real time. good idea. ♪ it's the at&t network -- providing new ways to work together, so business works better. ♪ tdd# 1-800-345-2550 you and your money deserve. tdd# 1-800-345-2550 at charles schwab, that means taking a close look at you tdd# 1-800-345-2550 as well as your portfolio. tdd# 1-800-345-2550 we ask the right questions, tdd# 1-800-345-2550 then we actually listen to the answers tdd# 1-800-345-2550 before giving you practical ideas you can act on. tdd# 1-800-345-2550 so talk to chuck online, on the phone, tdd# 1-800-345-2550 or come in and pull up a chair. >>> the dow down 174 on a disappointing jobs number. the first response will be by mitt romney. in the meantime, simon has a look at what's coming up at 10:00 a.m. >> you
as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ a living breathing intelligence bringing people together to bring new ideas to life. look. it's so simple. [ male announcer ] in here, the right minds from inside and outside the company come together to work on an idea. adding to it from the road, improving it in the cloud all in real time. good idea. ♪ it's the at&t network -- providing new ways to work together, so business works better. ♪ tdd# 1-800-345-2550...
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Jun 22, 2012
06/12
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as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ >>> just >>> just days after microsoft unveiled the new surface tablet, there's sotalk the software gia would make its own smartphone. let's bring in an analyst that came out with a note suggesting this idea. it's always good to speak with you. >> thank you. >> it's fascinating because when this note crossed, a lot of people said microsoft to make microsoft branded phone actually in your note you write we would not be surprised if microsoft were to decide to bring their own handset to market next year. what's the probability of this happening? >> well the surface tablet is being built for microsoft and i believe they are also building a phone for microsoft. the question would be is this a reference design for others to bring to market or will microsoft decide to bring this to market themselves? i'm not sure the decision has been made. i think when you compete against apple and google who do their own hardware now as well, i think the same logic applies in the handset businesses it applies in the tablet market to
as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ >>> just >>> just days after microsoft unveiled the new surface tablet, there's sotalk the software gia would make its own smartphone. let's bring in an analyst that came out with a note suggesting this idea. it's always good to speak with you. >> thank you. >> it's fascinating because when this note crossed, a lot of people said microsoft to make microsoft branded phone actually in your...
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Jul 3, 2012
07/12
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as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> a >>> a few minutes left in europe's trading day. we'll get the close with the dow up 68. back in a moment. >> announcer: the >> announcer: the european markets are closing now. >> in fact, they are. a lot of green. european markets have a lot to think about, not the least of which is the broadening libor scandals involving barclays. take a look at how they finish their season. they trade even though the u.s. on holiday, dax up 77, ftse up 47. christine lagarde with the imf, a few headlines, fiscal cliff here, eurozone, said esm has plenty of ammunition, to paraphrase in terms of rescuing sovereign issues and the
as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because it offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. >>> a...
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Oct 8, 2012
10/12
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if you drive in california you are now paying more for gas, this is unbelievable than people in hawaii. will the switch to winter blend bring the relief drivers need? we'll talk about that. game maker zynga falling. 2.44 is the price. which companies may be able to come out on top. we'll be right back. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. >>> welcome back. coming up on halftime a make-or-break week for market vanguard founder, jack bogle. plus is apple on the verge of a technical breakdown or is this a buying opportunity. and the call that everyone is talking about, is it time to break up hp? tune in at the top. hour, carl will have steve on that made the call
if you drive in california you are now paying more for gas, this is unbelievable than people in hawaii. will the switch to winter blend bring the relief drivers need? we'll talk about that. game maker zynga falling. 2.44 is the price. which companies may be able to come out on top. we'll be right back. [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real...
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Aug 9, 2012
08/12
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if he decided to retire to hawaii, we're in bad shape. he's worth $36 billion. the governor here wants us to raise taxes on people like him so he had to pay 13.3% state taxes, which would be the highest in the land. >> oh, my gosh. >> a guy like larry, we have 96 billionaires in california. one leave and that's it for the highway system. >> your letter is what, please don't go? we need you? >> please don't go. don't say aloha to the golden state, larry ellison. we need you. we can get rid of a lot of other people, but not you. i heart larry. i heart larry. >> i bet you do. >> have you gotten a response? >> no. strangely enough, no. >> i had to close that loop. >> that is a good one. if he does respond, though, you have to let us know. jane has a crush on larry ellison. dow continues -- it's 16 points. if the grind continues by the way, if today is higher, that's five straight days higher. we haven't done it since march. >> since march? >> the five days ended march 15. >> look at the s&p 500, 1405. so we'll see if we can hold on. >> the new pain trade as they cal
if he decided to retire to hawaii, we're in bad shape. he's worth $36 billion. the governor here wants us to raise taxes on people like him so he had to pay 13.3% state taxes, which would be the highest in the land. >> oh, my gosh. >> a guy like larry, we have 96 billionaires in california. one leave and that's it for the highway system. >> your letter is what, please don't go? we need you? >> please don't go. don't say aloha to the golden state, larry ellison. we need...
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May 31, 2012
05/12
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as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >>> one more session before the month of may is over. the dow can go positive for the month if it gains 793 points today. >> like that's likely. not to be a debbie downer. >> never knows. >> a fund-raising event benefiting foster children. at the nasdaq neste oil, a refining and marketing company as we put this crazy month to bed. >> what's the number. >> 7 3 for the dow, s&p down 83 for the month, the worst month since september. >> if they find $2 trillion burr yerd in somebody's desk in spain that could do it, turn the tables. >> maybe swap prices differently than various banks around the country. there as look at the s&p 1313. i'm sure d
as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ take the privileged investing tools of wall street and make them simple, intuitive, and available to all. distill all that data. make information instinctual, visual. introducing trade architect, td ameritrade's empowering web-based trading platform. take control of your portfolio today. trade commission-free for 60 days, and we'll throw in up to $600 when you open an account. >>> one more session before the...
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Jul 12, 2012
07/12
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as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ >>> time now for squawk on the tweet. >>> time now for squawk on the tweet. supervalu said it would step up efforts to get everyday low pricing is as low as competitors. what could your local market do you in to shop? gary tweets, cooking classes. i'd have to buy the ingredients. >> good idea. >> not bad. solomon, my supermarket gives free coffee and doesn't have any clocks. i guess they're going for the vegas effect. and do the abercrombie gimmick, line up the hunks. not bad either. to attract the house -- all right. rick santelli, what is on your radar? >> you know, i like when simon was frying to explain lm -- trying to explain the lunacy of how a two-year note in france considering where their economy seems to be headed is in the teens. it's because the liquidity is going somewhere and it brings up the peugeot thing. in a socialist country, the unions will have been kowtowed to. you can't fire people, this will make it better and there's a lot of analogies things with that, considering what we have done with ou
as a matter of fact, i'm taking my savings so that i can go to hawaii. ♪ >>> time now for squawk on the tweet. >>> time now for squawk on the tweet. supervalu said it would step up efforts to get everyday low pricing is as low as competitors. what could your local market do you in to shop? gary tweets, cooking classes. i'd have to buy the ingredients. >> good idea. >> not bad. solomon, my supermarket gives free coffee and doesn't have any clocks. i guess they're...
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Nov 19, 2012
11/12
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hawaii, 16% of their state gdp comes from the federal government. most of that is the defense spending. all the way down to places like colorado and georgia where 6%, 7% are practical spending. one more way to look at this, guys, is on a state level. what you see here when you go to the next map, if we can go to the next -- fabulous, is federal jobs as a percent of the total by state. what you see is some red states like texas are red in this map and they have a lot of people. then there is a lot of federal employees there. and even blue states like california, they show up red because they have a lot of federal employees as well. so -- what you find, guys, is bottom line, it is going to be hard to get democrats and republicans onboard because it ends up affecting both equally as well, guys, it is the economic impact places like california and high unemployment. so that's a double hit to them. >> wow. not all cliffs are created equal. that's for sure. when we come back, tweet time. turns out people are starting to line up for black friday deals like
hawaii, 16% of their state gdp comes from the federal government. most of that is the defense spending. all the way down to places like colorado and georgia where 6%, 7% are practical spending. one more way to look at this, guys, is on a state level. what you see here when you go to the next map, if we can go to the next -- fabulous, is federal jobs as a percent of the total by state. what you see is some red states like texas are red in this map and they have a lot of people. then there is a...
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Dec 10, 2012
12/12
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., hawaii and california, they're getting the biggest tax benefit in the $3,000 to $4,000 range. new york and new jersey are also way up there, thanks to high home values and income. and i'm noting them because these two states need home buyers, desperately. they have some of the biggest backlogs of distressed properties and need buyers in there absorbing that distress. taking away the deduction takes away one more reason to buy. $2,000 to $5,000 a year is a big savings. but we have to keep this in perspective. you only get the deduction if you itemize an only about one-third of americans do itemize. just 27% taking the deduction. and i want to note one other thing, older americans, 54% of families ages 55 to 64 are carrying mortgage debt. that's way up from 37% in 1989, because during the housing crash they were unable to move. so that's going to hit them hard as well. especially for the next several years. melissa? >> some very interesting figures. diana, thanks for that report. back at headquarters a quick market flash. >> good morning. take a look at marathon petroleum tradin
., hawaii and california, they're getting the biggest tax benefit in the $3,000 to $4,000 range. new york and new jersey are also way up there, thanks to high home values and income. and i'm noting them because these two states need home buyers, desperately. they have some of the biggest backlogs of distressed properties and need buyers in there absorbing that distress. taking away the deduction takes away one more reason to buy. $2,000 to $5,000 a year is a big savings. but we have to keep...
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tim tweets -- >> hawaii. >> exactly. mcfarmville so people could eat all they want without gaining any weight. and keesh with a slogan real men eat keesh. cheese, beg, bacon filling crimped in french toast. i think she means quiche. >> i would think so. >> great time with you this morning, nick. thank you for coming in. always good stuff. >> thank you so much. >> when we come back breaking news on the economy. new home sales plus market reaction and then as we said jim skinner, his outgoing interview from mcdonald's as he retires this summer. "squawk on the street" coming right back. carfirmation. only hertz gives you a carfirmation. hey, this is challenger. i'll be waiting for you in stall 5. it confirms your reservation and the location your car is in, the moment you land. it's just another way you'll be traveling at the speed of hertz. ♪ there'll be the usual presentations on research. and development. some new members of the team will be introduced. the chairman emeritus will distribute his usual wisdom. and you? w
tim tweets -- >> hawaii. >> exactly. mcfarmville so people could eat all they want without gaining any weight. and keesh with a slogan real men eat keesh. cheese, beg, bacon filling crimped in french toast. i think she means quiche. >> i would think so. >> great time with you this morning, nick. thank you for coming in. always good stuff. >> thank you so much. >> when we come back breaking news on the economy. new home sales plus market reaction and then as...